Wealth Architects LLC Buys 357 Shares of Oracle Co. (NYSE:ORCL)

Wealth Architects LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.1% during the third quarter, Holdings Channel reports. The fund owned 9,039 shares of the enterprise software provider’s stock after purchasing an additional 357 shares during the period. Wealth Architects LLC’s holdings in Oracle were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. lifted its holdings in Oracle by 1.2% in the second quarter. Neville Rodie & Shaw Inc. now owns 176,654 shares of the enterprise software provider’s stock valued at $10,064,000 after buying an additional 2,169 shares during the period. Thomasville National Bank raised its holdings in shares of Oracle by 1.5% in the 2nd quarter. Thomasville National Bank now owns 20,351 shares of the enterprise software provider’s stock worth $1,160,000 after acquiring an additional 300 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Oracle by 2.0% in the 2nd quarter. Private Trust Co. NA now owns 22,626 shares of the enterprise software provider’s stock worth $1,289,000 after acquiring an additional 435 shares during the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Oracle by 56.8% in the 2nd quarter. Baystate Wealth Management LLC now owns 4,987 shares of the enterprise software provider’s stock worth $289,000 after acquiring an additional 1,806 shares during the last quarter. Finally, Rockland Trust Co. raised its holdings in shares of Oracle by 2.6% in the 2nd quarter. Rockland Trust Co. now owns 8,262 shares of the enterprise software provider’s stock worth $471,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 53.81% of the company’s stock.

Shares of ORCL traded up $0.15 during mid-day trading on Thursday, hitting $54.28. 307,118 shares of the company traded hands, compared to its average volume of 12,778,039. The stock has a 50-day moving average price of $54.31 and a two-hundred day moving average price of $54.76. The company has a debt-to-equity ratio of 2.67, a quick ratio of 2.25 and a current ratio of 2.25. The stock has a market cap of $177.62 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.60 and a beta of 1.16. Oracle Co. has a 1 year low of $42.40 and a 1 year high of $60.50.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company had revenue of $9.22 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Oracle’s revenue was up .2% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 3.47 EPS for the current year.

Oracle announced that its Board of Directors has authorized a share buyback plan on Wednesday, September 11th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the enterprise software provider to buy up to 8.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.96 dividend on an annualized basis and a yield of 1.77%. Oracle’s dividend payout ratio is currently 30.38%.

In other news, CEO Mark V. Hurd sold 787,500 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $51.80, for a total transaction of $40,792,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,038,755 shares of the company’s stock, valued at $53,807,509. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Hector Garcia-Molina sold 4,643 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $53.14, for a total value of $246,729.02. Following the transaction, the director now directly owns 38,562 shares of the company’s stock, valued at $2,049,184.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 849,786 shares of company stock worth $44,213,156. 36.60% of the stock is currently owned by corporate insiders.

ORCL has been the topic of a number of analyst reports. Royal Bank of Canada set a $57.00 target price on shares of Oracle and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wedbush restated a “neutral” rating and issued a $55.00 target price on shares of Oracle in a report on Friday, September 13th. William Blair restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. BMO Capital Markets upped their target price on shares of Oracle from $60.00 to $62.00 and gave the stock a “market perform” rating in a report on Friday, September 27th. They noted that the move was a valuation call. Finally, UBS Group set a $57.00 price objective on shares of Oracle and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $56.38.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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